Colas: net attributable profit falls
(CercleFinance.com) - Unveiled on Thursday morning, Colas' 9m results included net attributable profit to the group of 110 million euros, against 160 million euros at the end of September 2017.
However, revenues were better: reaching around 9.6 billion euros, up 11% y-o-y. The situation is mixed between Roads (16% growth), and Specialties (9% fall).
"Revenue for 2018 will be significantly higher than in 2017, in particular due to the contribution of Miller McAsphalt. The current operating margin is now expected to slightly decrease compared to 2017," Colas said.
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However, revenues were better: reaching around 9.6 billion euros, up 11% y-o-y. The situation is mixed between Roads (16% growth), and Specialties (9% fall).
"Revenue for 2018 will be significantly higher than in 2017, in particular due to the contribution of Miller McAsphalt. The current operating margin is now expected to slightly decrease compared to 2017," Colas said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.